Financial Performance - The group's revenue decreased from approximately HK$77,500,000 for the six months ended September 30, 2023, to approximately HK$60,600,000 for the six months ended September 30, 2024, representing a decline of about 21.8%[6] - Gross profit for the six months ended September 30, 2024, was approximately HK$37,200,000, down approximately 24.5% from HK$49,300,000 for the same period in 2023[6] - Profit attributable to owners of the company for the six months ended September 30, 2024, was approximately HK$5,700,000, a decrease of about 46.1% compared to HK$10,600,000 for the same period in 2023[6] - The company reported a net profit before tax of approximately HK$6,461,000 for the six months ended September 30, 2024, compared to HK$12,769,000 for the same period in 2023[9] - Total comprehensive income for the period was approximately HK$6,340,000, down from HK$10,614,000 for the same period in 2023[9] - Basic earnings per share for the six months ended September 30, 2024, was HK$0.51, compared to HK$0.95 for the same period in 2023[9] - Segment profit for the period was HKD 5,726,000, down from HKD 10,614,000 in the previous year, reflecting a decline of 46.1%[25] - Revenue from skincare products was HKD 41,146,000, a decrease of 18.5% from HKD 50,547,000 in the prior year[27] - Revenue from cosmetics was HKD 3,043,000, down 34.1% from HKD 4,616,000 year-over-year[27] Dividends - The board declared an interim dividend of HK$0.004 per share for the six months ended September 30, 2024, totaling approximately HK$4,500,000, down from HK$9,000,000 for the same period in 2023[6] - The interim dividend declared was HKD 0.4 per share, totaling approximately HKD 4,500,000, compared to HKD 0.8 per share and approximately HKD 9,000,000 in the previous year[32] - The board proposed a final dividend of HKD 0.8 per share for the year ending March 31, 2024, totaling approximately HKD 9,000,000, consistent with the previous year[83] Cash Flow and Assets - Cash generated from operating activities for the six months ended September 30, 2024, was HKD 12,060,000, an increase of 25.6% from HKD 9,596,000 in the previous year[14] - The company's net cash used in investing activities was HKD 3,351,000, compared to HKD 13,231,000 in the same period last year, indicating a significant reduction in investment outflows[14] - The company's cash and cash equivalents at the end of the period were HKD 39,280,000, down from HKD 44,898,000 at the end of the same period last year[14] - The total cash and bank balance as of September 30, 2024, was HKD 40,100,000, down from HKD 45,800,000 on March 31, 2024[69] Liabilities and Equity - The total assets less current liabilities as of September 30, 2024, amounted to HKD 140,532,000, a decrease from HKD 144,519,000 as of March 31, 2024[11] - The company's total liabilities decreased to HKD 1,287,000 for non-current liabilities as of September 30, 2024, from HKD 2,654,000 as of March 31, 2024[11] - The company's equity as of September 30, 2024, was HKD 139,245,000, a decrease from HKD 141,865,000 as of March 31, 2024[11] Employee and Operational Expenses - The company reported a total employee benefit expense of HKD 15,088,000, down from HKD 17,484,000 in the previous year, indicating a reduction of 13.6%[29] - Sales and distribution expenses decreased from approximately HKD 18,700,000 to about HKD 15,800,000, a reduction of approximately 15.9%[63] - Administrative and operating expenses fell from approximately HKD 17,900,000 to about HKD 16,800,000, a decline of about 6.3%[64] - Employee costs, including director remuneration, amounted to approximately HKD 15,100,000 for the six months ending September 30, 2024, compared to HKD 17,500,000 for the same period in 2023[85] Corporate Governance - The audit committee consists of three independent non-executive directors, ensuring independent review of the group's financial reporting and internal controls[106] - The company has adhered to the corporate governance code, with a noted deviation regarding the separation of roles between the chairman and CEO, which is deemed appropriate for effective management[102] - The company is committed to good corporate governance standards to protect shareholder interests and enhance corporate value[101] Shareholder Information - Major shareholders include Prime Era Holdings Limited, holding 562,000,000 shares, representing 50.18% of the company[94] - Another significant shareholder, Ms. Xing Jiajue, holds 224,530,000 shares, accounting for 20.05% of the company[94] - The company has not disclosed any other persons holding 5% or more of the shares as of September 30, 2024[95] Investments and Acquisitions - The company acquired U.S. Treasury securities at a cost of approximately USD 900,000 (about HKD 7,300,000) during the six months ended September 30, 2024[74] - The fair value of U.S. Treasury long-term investment products was approximately USD 1,800,000 (about HKD 14,200,000), representing 9.0% of total assets as of September 30, 2024[77] - There were no significant acquisitions or disposals of subsidiaries or associated companies during the six months ending September 30, 2024[87] - The group has no major investment or capital asset plans as of September 30, 2024[88] Compliance and Regulations - The company has confirmed compliance with the trading standards set forth in the GEM Listing Rules for the six months ended September 30, 2024[98] - The company has not purchased, sold, or redeemed any of its listed securities during the six months ended September 30, 2024[104] - The company has not granted any stock options under its stock option plan as of the date of this interim report[85] - The total number of share options available for grant under the share option scheme as of April 1, 2024, and September 30, 2024, is 112,000,000 shares, representing approximately 10% of the issued ordinary shares as of the listing date on February 12, 2018[97]
弥明生活百货(08473) - 2025 - 中期财报